I'm not as familiar with the US market however the dynamics do seem to be quite different to down here in Australia so hopefully that plays into RMY's hands. The traction they seem to be gaining in terms of profiles claimed and subscription growth seems to indicate to me that agents are quite receptive.
I also like that they seem to be diversifying revenue streams here in Australia with the mortgage broking service. It's still too early to understand the reception from this but it seems like it can be done with minimal additional costs so even if it doesn't do well hopefully the downside is limited.
Looking forward to the next trading update.
RMY Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
